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British Eagle International Air Lines Ltd vs. Nationale Air France-1975

Question

In the case of British Eagle Airlines Ltd vs. Nationale Air France [1975] 1 WLR758, the house of Lords stated that “A contract under which the creditors agree to vary statutory rules governing distribution of a company’s assets in liquidation is contrary to public policy and void’.

Is this legal order sound and should it be maintained following the Global Financial Crisis (GFC)?

Summary: This question belongs to business law and discusses about case of British Eagle Airlines Ltd vs. Nationale Air France [1975].

Total word count: 417

 

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